You’ll earn interest every day based on your balance at the end of each day (12:00 AM). The interest is automatically added to your account, with a 20% withholding tax applied, so you’ll see the net amount directly in your balance.
Here’s how the interest is calculated:
Daily interest = End-of-day balance × interest rate × (1/365)
Good to know: Interest starts adding up two days after you make your first deposit, as long as your account is activated. So sit back, and watch your savings grow!